Boost your GNC franchise with our wellness-inspired franchise insurance, a vital asset in navigating the fitness landscape and ensuring a healthy business journey.
GNC Franchise Insurance Requirements:
- General and Product Liability Aggregate Limit: $2,000,000
- General and Product Liability Limit: $2,000,000 for Each Occurrence
- Automobile Liability coverage for owned, hired, and non-owned vehicles: $2,000,000 for Each Accident
- Fire Damage/Legal Liability Coverage Limit: $250,000
- Workers’ Compensation and Employers’ Liability Insurance
- Other insurance that may be required by Statute, rule of the state in which the store is located, or by your sublease.
- Property Insurance, including coverage for Business Interruption equal to 100% of Franchisee’s annual gross earnings, (excluding ordinary payroll expenses)
- Franchisor named as additional insured.
Meet Kenneth “KC” Meyer
K.C. joined Navigate Risk Advisors in the fall of 2020. He’s a licensed P&C agent and also helps coordinate the Commercial Operations Department. His experience with operations, and relationship with the carriers gives him an advantage when finding the best coverage at a reasonable rate.
Click here to learn more about your agent Kenneth “KC” Meyer!
Running a business comes with important responsibilities, and having the right insurance coverage is key to protecting what you’ve built. Every business owner typically needs the basics — like general liability, property coverage, auto coverage, and an umbrella policy — to stay well protected.
But there are other areas to consider, too. If you have employees, we can help you explore whether Employment Practices Liability insurance or Worker’s Compensation (including Stop Gap coverage) makes sense for your needs. With the rise of online business activity, cyber liability coverage is also an important conversation, helping to safeguard your operations against digital threats. And while rare, preparing for scenarios like employee theft can give you even greater peace of mind.
Our team brings real-world experience to the table. We’ve supported clients through situations like employment-related lawsuits, cyber incidents, and more — helping them recover quickly and move forward stronger. Let’s work together to build a coverage plan that keeps you focused on what you do best: growing your business.
What to Expect:
- Call us and we’ll discuss your goals and vision for your franchise.
- We conduct a risk assessment and review any current insurance coverage you may already have.
- We will provide a quote on coverages that you’re required to have and for those we recommend.
- We’ll go over the proposal, give you time to read and ask questions, and move forward with the coverages you elect to have.
- Paperwork, signatures, and any additional applications will be completed to bind the coverage.
- An invoice will be sent with various payment options.
- A certificate of insurance will be produced and sent to you.
- At least 60 days before renewal, we’ll be reaching out to see how things are going and to review any changes that may have occurred.
Let’s Get Started
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